Rebel shareholders are requisitioning a general meeting at Lighthouse Group in order to remove its chairman David Hickey and return Allan Rosengren to the board.
Rock Holdings and Southern Rock Insurance Company own 5% of Lighthouse and they have requested the general meeting. This follows the failure to get shareholder backing for the ditching of the company’s AIM quote.
Rosengren originally joined the board when Lighthouse merged with Sumus in 2008. He stepped down from the board in October 2011 when the two main operations were fully integrated. He was joint chief executive of Lighthouse.
David Hickey has been chairman since Lighthouse floated in 2000.
Lighthouse will convene a meeting by 3 September.
At 4.12p a share, Lighthouse is valued at £5.27m.
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